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Unintended Consequences of Aggressive Regulation

Jeff For Banks

"In case you're looking for some light reading this weekend, FRB-Philadelphia working paper 21-08, Does CFPB Oversight Crimp Credit?" ~ Robert Morro (@bmorro44) So went a tweet from one of my Twitter connections. So I listened to him, and dialed up the FRB-Philadelphia WP 21-08. This is good. There were two unintended consequences.

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CFPB representatives to be featured at 21st Annual PLI Consumer Financial Services Institute

CFPB Monitor

The 21 st Annual Consumer Financial Services Institute, sponsored by the Practicing Law Institute, will take place on April 4-5, 2016 in New York City (and by live webcast and groupcast in Cincinnati, Cleveland, Philadelphia, Pittsburgh, Mechanicsburg, PA) and on May 12-13, 2016 in Chicago. Thompson, Managing Counsel, Office of Regulations.

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CFPB representatives confirmed for 21st Annual PLI Consumer Financial Services Institute Chicago session

CFPB Monitor

The New York City session was held on April 4-5, 2016 (with live webcasts and groupcasts in Cincinnati, Cleveland, Philadelphia, Pittsburgh, Mechanicsburg, PA).). The CFPB panelists in Chicago will be: Jeffrey Langer, Assistant Director for Installment Lending and Collections Markets. Twohig, Assistant Director for Supervision Policy.

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CFPB representatives to be featured at 22nd Annual PLI Consumer Financial Services Institute

CFPB Monitor

The 22nd Annual Consumer Financial Services Institute, sponsored by the Practising Law Institute, will take place on March 27-28, 2017 in New York City (and by live webcast and groupcast in Atlanta; Philadelphia, Pittsburgh, and Mechanicsburg PA) and on May 4-5, 2017 in Chicago. Thompson, Managing Counsel, Office of Regulations or Kelly T.

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CFPB representatives to be featured at 20th Annual PLI Consumer Financial Services Institute

CFPB Monitor

The 20 th Annual Consumer Financial Services Institute, sponsored by the Practising Law Institute, will take place on April 6-7, 2015 in New York City (and by live webcast and groupcast in Cleveland, Philadelphia, Pittsburgh, Mechanicsburg, PA and New Brunswick, NJ) and on April 27-28, 2015 in Chicago.

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CFPB and DOJ announce redlining settlement

CFPB Monitor

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA. The proposed consent order requires the bank to pay a $5.5

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Online Lending And A Tale Of Two Fed Studies

PYMNTS

Online consumer lending – in a variety of forms – has grown explosively over the last decade. The recent release of a study by the Cleveland Federal Reserve has managed to increase the decibel level of that debate. So how did one branch of the Fed end up on such a different page from their counterparts? Cleveland’s Dark Outlook.

Study 101